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Saturday, August 02, 2008
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CORPORATE RESULTS

SOFTWARE: HCL Q4 net down 71% on forex losses
Margin expansion for fifth consecutive quarter. New Delhi, Aug 1 India’s fifth largest IT services exporter HCL Technologies Ltd on Friday posted about 71 per cent drop in its consolidated net income for the fourth quarter ended June ...

REAL ESTATE & CONSTRUCTION: KNR Constructions nets Rs 10.16 cr
K N R Constructions Ltd, engaged in infrastructure development, has reported a net profit of Rs 10.16 crore on a total income of Rs 170.23 crore for the first quarter ended June 30, 2008. The basic and diluted earning per share (EPS-not ...

GEMS & JEWELLERY: Shrenuj Q1 net rises 58%
Despite the global economic slowdown, Shrenuj & Company Ltd, an integrated gem and jewellery manufacturer, has recorded 58 per cent rise in net profit at Rs 13.12 crore in the first quarter ended June 31, against Rs 8 crore clocked in the ...

ENGINEERING: Elecon Engineering net rises 15%
Elecon Engineering Company Ltd reported a net profit of Rs 11.94 crore (Rs 10.41 crore) up 15 per cent for the quarter ended June30. The turnover was reported at Rs 168.65 crore (Rs 129 crore), up 31 per cent. The total income was posted at Rs ...

CERAMICS: Asian Granito net up 49%
Vitrified tiles manufacturer Asian Granito Ltd posted a net profit of Rs 10 crore (Rs 6.72 crore), up 49.70 per cent, for the quarter ended June 30. The consolidated net sales for the period were Rs 83.63 crore (Rs 49.41 crore), up 69 per cent. ...

CINEMA: IPL kept PVR’s audiences away from theatres in Q1
Profit dips by 35% to Rs 3.88 cr. New Delhi, Aug. 1 The cinema theatre chain PVR’s net profit for the first quarter ending June 31 was down by 35.3 per cent to Rs 3.88 crore compared with Rs 6 crore in the corresponding period in the ...

FINANCIAL SERVICES: Religare standalone loss stands at Rs 8.41 cr in Q1
Mumbai, Aug 1 Delhi-based Religare Enterprises Ltd has reported a standalone net loss of Rs 8.41 crore for the first quarter ended June 30, ...

HARDWARE: Tough biz climate pulls Moser Baer into losses
New Delhi, Aug 1 Moser Baer India on Friday posted a loss of Rs 103.9 crore during the first quarter ended June 2008 against a profit of Rs 9.6 crore in the year-ago period. The net loss includes a loss of Rs 28.2 crore on account of the ...

SOFTWARE: Subex posts Rs 66-cr loss in Q1 on weak Re
Bangalore, Aug 1 Subex Ltd, a provider of operations and business support systems for communications service providers, reported a net loss of Rs 65.64 crore in the first quarter, largely hurt by the depreciation of the ...

IT TRAINING: Aptech standalone revenue up 18%
Bangalore, Aug 1 Learning solutions provider Aptech Ltd reported an 18 per cent increase in its standalone revenue for the second quarter, sending shares up 2.78 per ...

FOOD & DAIRY PRODUCTS: Nestle net profit up 26.5% in Q2
New Delhi, Aug. 1 Nestle India has announced a growth of 26.5 per cent in net profits at Rs 121.1 crore for the second quarter ending June 30, 2008 compared with Rs 95.69 crore earned in the corresponding quarter last year. ...

PETROLEUM: Essar Oil nets Rs 29 cr
Mumbai, Aug. 1 Essar Oil Ltd announced a net profit of Rs 29 crore for the quarter ended June 30 against a net loss of Rs 5 crore in the corresponding period last year. The net sales for the quarter were Rs 8,950 crore compared with Rs 191 ...

REAL ESTATE & CONSTRUCTION: Ansal net dips 34% on interest cost

REAL ESTATE & CONSTRUCTION: Maytas Q1 income at Rs 391 cr


FERTILISERS: Nagarjuna Fert Q1 net down


CHEMICALS: GACL net rises 7.9%
Gandhinagar, August 1 Gujarat Alkalies and Chemicals Ltd posted a net profit of Rs 54 crore (Rs 50 crore) up 7.9 per cent for the quarter ended June 30. The net sales were Rs 343.97 crore (Rs 248.7 crore) up 38 per ...

HOME APPLIANCES: TTK Prestige net up 19%


REAL ESTATE & CONSTRUCTION: IRB Infra net at Rs 54 cr
Mumbai, Aug. 1 Mumbai-based integrated infrastructure company IRB Infrastructure Developers Ltd has posted a net profit of Rs 54.17 crore for the quarter-ended June 30. Total income for quarter stood at Rs 235.91 crore. The road toll operating ...

PHARMACEUTICALS: Dabur Pharma’s Q1 profits dip
NEW DELHI: Dabur Pharma Ltd has reported a steep decline in profit at Rs 27.7 crore for the first quarter ended June 30, compared to Rs 133.4 crore in the corresponding period last year. Its gross sales stood at Rs 80.67 crore ...

DIVERSIFIED: Visaka Industries Q1 net up at Rs 14.64 cr
Miryalaguda, Aug. 1 Visaka Industries Ltd, for the first quarter ended June 30, 2008, has reported a net profit of Rs 14.64 crore (Rs 6.08 crore). Net sales for the period increased 33.69 per cent to Rs 172.26 crore (Rs 128.85 crore). ...

SOFTWARE: Zylog Q1 net up 31%
Zylog Systems Ltd, a Chennai-based software service provider, registered a 31 per cent increase in net profit to Rs 25.46 crore for the quarter ended June 30, 2008 compared with Rs 19.45 crore in the corresponding quarter last year. Revenues ...






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Markets (Aug 01)
Nifty (at close)4413.55 (+80.60)
US Dollar (Buy/Sell)42.35/36
Brent crude (per bbl) Rs5,211
Gold (per gram) Rs1,168
Silver (per gram) Rs26.70


Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

Other Top Stories
It’s time for Titan to grow in overseas markets


‘Rising credit card defaults worrisome’

Aggressive plans for affordable 3G devices

Wireless broadband policy announced

Capital adequacy norms for NBFCs hiked to 12%

Q1 cashew nut shell liquid exports drop

The economics of growing old

Vegoil prices on the decline; consumers to benefit

Looking back
Jul. 20-Jul. 26
SAIL’s profit after tax up 20% in Q1

BHEL Q1 net rises 33% on higher sales

Siemens profit doubles at Rs 169 cr

Asian Paints net profit, sales rise 30% in Q1

NIIT Q1 net up 10% on strong enrolments, school orders




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